Volume 16, Number 2 ISSN 1948-3147 Allied Academies International Conference Las Vegas, Nevada October 12-15, 2011 Academy of Accounting and Financial Studies PROCEEDINGS Copyright 2011 by the DreamCatchers Group, LLC, Arden, NC, USA page ii Allied Academies International Conference All authors execute a publication permission agreement taking sole responsibility for the information in the manuscript. The DreamCatchers Group, LLC is not responsible for the content of any individual manuscripts. Any omissions or errors are the sole responsibility of the individual authors. The Academy of Accounting and Financial Studies Proceedings is owned and published by the DreamCatchers Group, LLC, PO Box 1708, Arden, NC 28704, U.S.A., (828) 507-9770. Those interested in the Proceedings, or communicating with the Proceedings, should contact the Executive Director of the Allied Academies at [email protected]. Copyright 2011 by the DreamCatchers Group, LLC, Arden, NC Las Vegas, 2011 Proceedings of the Academy of Accounting and Financial Studies, Volume 16, Number 2 Allied Academies International Conference page iii Table of Contents TEACHING THE TEACHERS: A NEW COURSE IN AN ACCOUNTING MASTERS PROGRAM .................................................................................. 1 Rick L. Crosser, Metropolitan State College of Denver, Colorado Christine L. Kuglin, Metropolitan State College of Denver, Colorado Lynn A. Lupomech, Metropolitan State College of Denver, Colorado Christine Noel Wooldridge, Metropolitan State College of Denver, Colorado THE ROTH IRA: HOW IT CAN INCREASE OUR UNDERSTANDING OF SOCIAL SECURITY .................................................................................................................................... 3 Steven R. Ferraro, Pepperdine University Richard W. Powell, Pepperdine University TOWARD A BETTER UNDERSTANDING OF THE CONTINGENT DETERMINANTS RELATED TO THE PERFORMANCE OF THE CAMEROONIAN MUNICIPAL PUBLIC SERVICES .................................................................................................................... 5 Donatien Avelé, University of Moncton Gérard Fillion, University of Moncton MARKET REACTION TO RESTATEMENTS AFTER SARBANES-OXLEY ................. 11 Shrikant Jategaonkar,Southern Illinois University Edwardsville Linda M. Lovata,,Southern Illinois University Edwardsville Gregory E. Sierra,Southern Illinois University Edwardsville IS YOUR PORTFOLIO MANAGER SMARTER THAN A SECOND GRADER? ................................................................................................. 13 Michael R. Luthy, Bellarmine University Carl Hafele, Bellarmine University THE RELATIONSHIP BETWEEN INVENTORY MANAGEMENT AND PROFITABILITY....................................................................................................................... 19 Seungjae Shin, Mississippi State University, Meridian Kevin L. Ennis, Mississippi State University, Meridian Dustin Odom, Mississippi State University, Meridian A COMPARATIVE STUDY OF KOREAN GOVERNMENT ACCOUNTING STANDARD REFORM.............................................................................................................. 21 Seungjae Shin, Mississippi State University, Meridian Kevin L. Ennis, Mississippi State University, Meridian Proceedings of the Academy of Accounting and Financial Studies, Volume 16, Number 2 Las Vegas, 2011 page iv Allied Academies International Conference APPLYING THE APT MODEL TO A PORTFOLIO OF BSE STOCKS: AN EXPLORATORY STUDY ......................................................................................................... 23 Sankaran Venkateswar, Trinity University INVESTIGATING PRESENTATIONAL CHANGE IN COMPANY ANNUAL REPORTS: AN EXTENSION ................................................................................................... 25 Thomas L. Zeller, Loyola University Brian B. Stanko, Loyola University Han Jin, Student, Loyola University EARNINGS MANIPULATION IN ACQUIRING COMPANIES: AN OVERVIEW ......... 31 Moade Fawzi Shubita, New York Institute of Technology Las Vegas, 2011 Proceedings of the Academy of Accounting and Financial Studies, Volume 16, Number 2 Allied Academies International Conference page 1 TEACHING THE TEACHERS: A NEW COURSE IN AN ACCOUNTING MASTERS PROGRAM Rick L. Crosser, Metropolitan State College of Denver, Colorado Christine L. Kuglin, Metropolitan State College of Denver, Colorado Lynn A. Lupomech, Metropolitan State College of Denver, Colorado Christine Noel Wooldridge, Metropolitan State College of Denver, Colorado ABSTRACT Faculty preparation in schools of business continues to offer little or no instruction on how to teach. Faculty members continue to rely on teaching methods they have always used. More often than not, the choice of instructional method is a habitual one rather than a reasoned decision based on instructional objectives of the course and content for the day. University instructors teach pretty much as they were taught. A shortage exists in terminally-qualified accounting instructors. More and more professionally qualified, master’s degree holders are entering the ranks of accounting educators. However, many have no experience in classroom instruction. In 2009, a new accounting master’s program was authorized and developed at our formerly undergraduate-only institution. During the design of the program curriculum, administrators informed us that no funding will be provided for graduate assistantships or tuition waivers. We knew from student surveys and advice from professionals that involvement in teaching and research processes was an important component of a sustaining program. So, the faculty initiated a course design called, “The Teaching of Accounting,” to permit student- faculty interaction and mentoring. A course description of this elective course entered the graduate catalog. In the second semester after the master’s program launch, Spring 2011, two students independently approached the program coordinator and requested that they be permitted to take the course. So, we offered, ACCM 6900, The Teaching of Accounting, for the first time during Summer Session 2011. The course had two distinct components: (1) students serving as graduate assistants shadowing an experienced, excellent instructor and (2) students actively involved in a teaching of accounting seminar with another instructor. The seminar component was modeled after a master teacher program facilitated by the instructor during prior years. This conference presentation will include the course outline, certain topic details, a bibliography of resources, outcome assessments provided by the two students and two instructors, and future plans. The presentation and discussions will encourage contributions from attendees. Proceedings of the Academy of Accounting and Financial Studies, Volume 16, Number 2 Las Vegas, 2011 page 2 Allied Academies International Conference Las Vegas, 2011 Proceedings of the Academy of Accounting and Financial Studies, Volume 16, Number 2 Allied Academies International Conference page 3 THE ROTH IRA: HOW IT CAN INCREASE OUR UNDERSTANDING OF SOCIAL SECURITY Steven R. Ferraro, Pepperdine University Richard W. Powell, Pepperdine University ABSTRACT Social Security has a serious budget problem. In 2010 President Barack Obama created the National Commission on Fiscal Responsibility and Reform to deal with the fiscal issues of Social Security, as well as with other governmental fiscal issues. The Commission recommended modifications that would generally decrease Social Security benefits although benefits would increase for the poorest quintile of recipients. The Commission noted that high earners were taking too many resources from Social Security. The purpose of this paper is to construct a Roth model for evaluating whether high earners are impoverishing Social Security. The data shows that high earners appear to be subsidizing the system since their contributions over time, with assumed levels of growth, would normally yield more wealth than the value of their social security claims. Keywords: Roth IRA, National Commission on Fiscal Responsibility and Reform, Social Security Proceedings of the Academy of Accounting and Financial Studies, Volume 16, Number 2 Las Vegas, 2011 page 4 Allied Academies International Conference Las Vegas, 2011 Proceedings of the Academy of Accounting and Financial Studies, Volume 16, Number 2 Allied Academies International Conference page 5 TOWARD A BETTER UNDERSTANDING OF THE CONTINGENT DETERMINANTS RELATED TO THE PERFORMANCE OF THE CAMEROONIAN MUNICIPAL PUBLIC SERVICES Donatien Avelé, University of Moncton Gérard Fillion, University of Moncton ABSTRACT This paper aims to examine the nature of the contingency determinants related to the performance of the municipal public services of the Cameroonian municipalities. Its objective is twofold: the first consists to better understand the practices of performance measurement of the municipalities; and the second consists to identify the factors likely to influence the performance of the municipal public services. The study is based on a hypothetico-deductive approach. Two questionnaires were administered, one to the local elected officials and another to the managers of the different service departments visited. Subsequently, the data analysis clearly shows the existence of structural factors which influence the performance of the Cameroonian municipal public services. INTRODUCTION Performance measurement systems have considerably improved in the last few years in